Business

Ethiopia to Introduce Mandatory Licensing for Real Estate Valuers, Enhancing Market Trust

Ethiopia is set to introduce a mandatory licensing system for real estate valuers as part of its new Real Estate Development and Immovable Property Transaction and Valuation Bill. The primary goal of this new regulation is to establish a more transparent, reliable, and professional property valuation process in the country. By ensuring that only certified

October 11, 2024 • By Addis Insight

Business

Proposed Bill Enforces 80% Completion Requirement for Real Estate Sales

Real estate developers who sell houses before construction begins must deposit the money they collect in a closed bank account. They are also prohibited from handing over houses to customers unless the construction is at least 80 percent complete. Bill Submission to the House of Representatives The bill was submitted to the House of Representatives

October 10, 2024 • By Addis Insight

Business

Ride Raises Fare to 130 Birr: How Fuel Reforms Impact Your Ride

Ride Transport Service has announced a price increase following the recent fuel and economic reforms. The service, which initially charged 100 Birr, has now increased to 130 Birr as of yesterday. Additionally, they stated that with the new price revision, there is also an increase of 1 Birr per kilometer. This price change follows the

October 10, 2024 • By Addis Insight

Uncategorized

Egyptian President al-Sisi Visits Eritrea Amid Rising Regional Tensions

Asmara, October 10, 2024 — Egyptian President Abdul Fattah al-Sisi has arrived in Eritrea at the invitation of President Isaias Afwerki. This visit comes as Egypt, Eritrea, and Somalia work toward establishing a tripartite military alliance, raising concerns about its impact on regional stability. The discussions are expected to focus on peace in the Horn

October 10, 2024 • By Addis Insight

Politics

Tensions Resurface as Eritrea-Ethiopia Phone Lines Are Cut Off Again

In a sign that tensions between Eritrea and Ethiopia may be reemerging, phone lines connecting the two countries have reportedly been severed once again. This development mirrors decades-long periods of bilateral strain, marked by intermittent communication suspensions and diplomatic disengagement. The phone line disconnection signals a potential decline in the peace achieved in 2018 when

October 9, 2024 • By Addis Insight

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Ethiopian Airlines Group Opens Bid for Foreign Exchange Services at Bole International Airport

Addis Ababa, Ethiopia – Ethiopian Airlines Group (EAG) has announced a competitive bidding process for leasing spaces at Addis Ababa Bole International Airport, Terminal 2. The bid, designated for competent service providers, aims to secure businesses offering foreign exchange services across seven available spaces in the airport’s bustling terminal. In the official bid announcement, EAG

October 9, 2024 • By Addis Insight

Uncategorized

As Hurricane Milton, a Category 5 Storm, Nears Landfall, We Look at the Influence of Ethiopia’s Highlands

The Global Impact of Ethiopian Mountains and Hurricanes: How East Africa’s Highlands Affect Extreme Weather in the Americas As America brace for the destructive force of Hurricane Milton, following closely on the heels of Hurricane Helene, it’s crucial to understand how seemingly distant geographic regions can influence the development of such extreme weather. Ethiopia’s towering

October 9, 2024 • By Addis Insight

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Breaking the Exam Cycle: How Ethiopia Can Transform Its Education Crisis

This year, Ethiopia’s 12th-grade national exams revealed serious issues in the country’s education system. Out of 674,823 students who took the test, only 36,409 passed, leaving a staggering 638,414 students facing uncertainty about their futures. For those who didn’t pass, the path ahead is filled with worry and doubt. This isn’t just a setback for

October 9, 2024 • By Addis Insight

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Fuel Price Adjustments Announced by Ministry of Trade and Regional Development

The Ministry of Trade and Regional Development has announced an adjustment to the retail prices of fuel products, which will take effect from October 09, 2024, at 06:00 a.m. The price changes are part of a broader macroeconomic reform effort, including a restructuring of the foreign exchange management system, first implemented in late July 2024.

October 8, 2024 • By Addis Insight

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Addis Ababa Announces Second Phase: 8 Corridors Spanning 132 Kilometers

September 28, 2017 (Ahadu Radio) – The Addis Ababa City Administration has launched the second round of its corridor development initiative, aimed at improving infrastructure and living conditions in the capital. The project was formally announced by Mayor Adanech Abebe, who also addressed questions from media representatives regarding the scope and details of the initiative.

October 8, 2024 • By Addis Insight